Battle Between Ripple And Stellar, A Clear Winner May Be Emerging, Expert Says

0 Vote(s) - 0 Average

Stellar (XLM) and Ripple’s XRP are two competing cryptocurrencies that both provide real-time payment settlement platforms and aim to establish a global blockchain payments network for the world’s financial institutions to run on.

While these two cryptos are very similar, there are some key differences in their protocol structure.

Voicing an opinion on this matter is blockchain industry insider, Emin Gün Sirer questioned Stellar’s level of decentralization and suggested Ripple may be a clear winner in light of XLM’s recent shutdown:

If your entire network is going down because a single entity had a problem, exactly how decentralized can your system be? That's right: not at all.https://www.theblockcrypto.com/tiny/stellar-was-down-for-2-hours/ …Stellar was down for 2 hours yesterday - The Block
Stellar network was down from 4:15pm ET for nearly two hours Wednesday as Stellar Development Foundation (SDF) validators went down. It’s not immediately clear what caused the SDF validators to go...theblockcrypto.com

Quote:

Emin Gün Sirer

@el33th4xor

Note that, while Ripple and Stellar have some protocol similarities, they differ in their network structure. In the battle between Ripple and Stellar, a clear winner may be emerging.

Moreover, according to Stellar CTO Nicolas Barry who spoke with crypto news outlet The Block, the Stellar network shut down because it’s being too decentralized too fast, and the system did the right thing by halting the network.

However, many people including the industry expert above will argue that this shutdown represents major flaws to Stellar’s protocol and puts Ripple’s XRP as the front running payment network protocol.